Gazprom is taking steps to increase capacity and throughput at its Amur Gas Processing Plant (GPP), under construction in the east of Russia. The state-run company said its GPPs are part of an inteagrated process chain to boost the recovery rate of valuable components from ethane-rich gases, as well as the output of products like helium.
Russian gas company Gazprom has repaired pipelines and storages nationwide to ensure reliable winter supplies to domestic and foreign customers as prices for pipeline natural gas and LNG have soared. According to preliminary data, Gazprom produced 399.4 bcm of gas in the first 9.5 months of 2021, a 16.6% rise compared to the pre-year period.
Voith will take over Siemens Energy's 35% stake in the joint venture Voith Hydro for an undisclosed purchase price, with the transaction is still subject to regulatory approval. The move allows Siemens Energy to focus more on its core business of transporting and storing energy, decarbonising industrial processes, and generating electricity with little or no emissions.
Russia’s Gazprom has not booked additional transit capacity through Ukraine above ship-or-pay levels for November to shield Europe from eventual supply shortages this winter. “Daily bookings on both routes are still possible, although unlikely,” Wood Mackenzie said with a view to completion of the gas-in procedure into the first string of Nord Stream 2.
Though an early coal exit helps curb Germany’s power sector emissions, the country remains “clearly off-track from its 2030 climate target,” the government’s 2021 Projection Report finds. Fuel switching, a shift to e-mobility, more renewable energy and rising CO2 prices are seen as ways to achieve the targeted 65% cut in cross-sectoral emissions by 2030.
Natural gas spot prices at the US benchmark Henry Hub are forecast to average $5.67 per million British thermal units (MMBtu) between October and March, the highest winter price since 2007–2008. Analysts say the price surge has been caused by below-average storage levels going into the winter, hence prices are likely to fall in the first quarter of 2022.
US-based engine maker Cummins has decided to locate its New Power China headquarters and R&D center in Shanghai’s Lingang New Area, a free trade zone. The R&D hub will initially house manufacturing for proton-exchange membrane (PEM) fuel cells, electrolyser and fuel cell stacks, while Phase-2 will add various aspects of the hydrogen industrial chain.
To avert an energy crisis, the Chinese government had to impose large-scale restrictions on electricity use during the final two weeks of September. Wood Mackenzie believes Chinese authorities will allow customs clearance of stranded Australian coal, easing import restriction to avert the risk of further power crunches this winter.
German’s largest utility Uniper has secured an additional 1 Bcm/y of LNG regas capacity at Gate LNG terminal in the Netherlands. With this move, Uniper now owns the largest share of import capacity at the Dutch terminal, though the company’s business focusses on LNG trading in Asia-Pacific, and not its European home market.
The British Steel industry is urging the government to take swift, decisive action and halt soaring energy prices as the industry claims it cannot absorb current record-high energy costs. The price of natural gas surged 250% since January, pushing up wholesale power prices which in turn impacts on production costs for steel and other energy-intensive materials.
Lebanon is grappling with an energy crisis after two of the country’s main power plants were shut down after running out of fuel. Fire broke out in a storage tank at the Zahrani fuel facility on Monday and Electricite Du Liban said shuttering the two plants reduced the country's total electricity supply to below 270 MW, destabilizing the grid.